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Material Topics

CSL’s Executive Sustainability Committee has overall responsibility for the materiality process and executes a global materiality assessment on a biennial basis. In 2021/22, we concluded our firth assessment and followed the Global Reporting Initiative (GRI) 2016 standards of sustainability context, materiality, completeness and stakeholder inclusiveness through our process of identification, review and prioritisation. The application and disclosure of our materiality process against the GRI materiality principle definition was subject to limited external assurance by Ernst & Young.

Our fifth materiality assessment provided coverage across the CSL group of businesses, excluding the impending acquisition of Vifor, a biotech company, that was announced in April 2022.

Our fifth materiality assessment provided coverage across the CSL group of businesses, including Seqirus, but excludes the impending acquisition of Vifor. The first stage of the materiality process involved developing a universal list of topics driven by an evidence-based approach involving: a current state assessment (review of previous assessment and possible improvements); desktop research, including a global media scan and review of key global frameworks and standards; peer benchmarking of eight organisations and internal and external stakeholder interviews.

The resulting material topics were prioritised by a group of 86 internal representatives from across the organisation who rated their importance by considering the perspectives of stakeholders and reviewing the potential impact/value to the business, economy, society and the environment. The diversity of respondents at both a functional and geographical level ensured a broad set of views and perspectives.

The final prioritised list and matrix are grouped by sustainability pillar, to ensure the most material topics across environment, social, sustainable workforce, and governance pillars of CSL’s sustainability strategy were captured in reporting.

Environment

Social

Sustainable Workforce

Governance

  • Promoting environmental protection
  • Climate resilience
  • Energy & emissions
  • Waste & packaging
  • Product safety and quality
  • Supply continuity & resilience
  • Innovation & R&D
  • Trust & transparency
  • Health security
  • Accessible & affordable healthcare
  • Talent recruitment, development & retention
  • Health, safety and wellbeing
  • Diversity, equity and inclusion
  • Ethics & integrity
  • Human rights & responsible supply chain